Australia Silicone Market Size & Outlook, 2022-2030
Australia silicone market, 2019-2030 (US$Ms)
Related Markets
Australia silicone market highlights
- The Australia silicone market generated a revenue of USD 436.1 millions in 2022 and is expected to reach USD 735.8 millions by 2030.
- The Australia market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, fluids was the largest revenue generating product in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone market data book summary
| Market revenue in 2022 | USD 436.1 millions |
| Market revenue in 2030 | USD 735.8 millions |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Fluids |
| Fastest growing segment | Elastomers |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Fluids, Gels, Resins, Elastomers |
| Key market players worldwide | Shin-Etsu Chemical Co Ltd, Wacker Chemie AG, Illinois Tool Works Inc, Evonik Industries AG, CK Hutchison Holdings Ltd, Kemira Oyj, Dow Inc, Elkem ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Australia accounted for 2.2% of the global silicone market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China silicone market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,198.5 millions by 2030.
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Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia silicone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone market will help companies and investors design strategic landscapes.
Fluids was the largest segment with a revenue share of 41.41% in 2022. Horizon Databook has segmented the Australia silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
The Australia silicone market is expected to progress in terms of revenue over the forecast period owing to the rising penetration of silicone products in emerging applications such as renewable energy and electric vehicle.
Rising investments by the Australian government in large-scale clean energy projects have augmented the demand for more solar and wind power plants in the country, which in turn, is expected to propel the demand for silicone over the forecast period.
According to the Clean Energy Council Limited, renewable energy accounted for 24% (out of which solar & wind power plants accounted for 68.3%) of the Australia's total electricity generation in 2019, an increase of 2.7% from that in 2018.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia silicone market , including forecasts for subscribers. This country databook contains high-level insights into Australia silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Australia silicone market size, by product, 2019-2030 (US$Ms)
Australia Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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